Mark Mulroe, Vice President of A Safe Haven Foundation, stressed that nonprofits must diversify their resources and begin to generate income other than grants. He shared insights on how nonprofits can start social enterprises and used examples from his organization, which operates a number of for-profit businesses, including landscaping and property management.

Marc J. Lane, Founder of the Marc J. Lane Wealth Group, shared various legal structures for social enterprises, with an emphasis on the L3C, while explaining the pros, cons and tax implications. Click here to view an excerpt from Attorney Lane’s discussion.